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4258 Newcastle Dr
Clarkston, MI

4258 Newcastle Dr

$835,600
4 bd • 5 ba • 3,725 sf

This analysis was generated by artificial intelligence on 1/24/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

List Price

$835,600

Price/Sq.Ft

$224

Year Built

AI Property Analysis

A comprehensive evaluation of this property's features, market position, and investment potential.

The Good

This property at 4258 Newcastle Dr, Clarkston, MI 48348 boasts several impressive features. At 3,725 square feet, it's approximately 55% larger than the average home in Clarkston (2,400 sq ft). The price per square foot of $224.32 is about 10% below the area average of $250/sq ft, suggesting good value. The property appears to be lakefront or have lake access, a highly desirable feature in Clarkston that typically commands a 20-30% premium. The lot features mature trees and landscaping, providing privacy and natural beauty. With 4 bedrooms and 5 bathrooms, it's well-suited for larger families or those who frequently entertain guests. The property's location near water likely contributes to a higher quality of life and potential for strong appreciation.

The Bad

The listing lacks crucial information about the year built and specific features, which makes it challenging to assess the property's condition and potential maintenance needs. The absence of a description or room details is concerning and unusual for a property in this price range. Without knowing the age of the house, it's impossible to gauge whether major systems (HVAC, roof, plumbing) might need replacement soon. The price of $835,600 is approximately 30% above Clarkston's median home value of $640,000, which could limit the pool of potential buyers. There's no mention of garage space, which is typically expected in this price range.

The Ugly

The lack of information about utilities and systems is a red flag. If the property uses well water and a septic system, which is common in Clarkston, these could represent significant additional costs and maintenance concerns. The potential for flooding or erosion issues due to the lakefront location needs to be thoroughly investigated. Property taxes in Oakland County are relatively high, averaging about 1.5% of the home's value, which could mean annual property taxes around $12,500 for this home. The impact of seasonal tourism on privacy and local traffic patterns could be a significant downside for some buyers. Without knowing the specific lake, it's impossible to assess potential issues like algae blooms or water quality concerns that affect some Michigan lakes.

Who is this property for?

These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.

Best For

This property is best suited for affluent buyers with household incomes of $250,000+ annually, based on traditional mortgage qualification ratios. It's ideal for larger families or multi-generational households who can utilize the 4 bedrooms and 5 bathrooms. Nature enthusiasts and water sports lovers will appreciate the lakefront setting and mature landscaping. Work-from-home professionals could benefit from the extra space for home offices. The property could also appeal to investors looking for high-end vacation rentals, given Clarkston's popularity as a weekend getaway destination.

Not For

This property is not suitable for first-time homebuyers or those with limited budgets, given its high price point. Buyers looking for a low-maintenance lifestyle should be cautious, as lakefront properties often require more upkeep. It's not ideal for those seeking a walkable, urban environment, as Clarkston is more suburban/rural. Individuals with mobility issues might find the multi-level layout challenging. Investors looking for immediate rental income might struggle to find tenants at a price point that covers the high mortgage and potential maintenance costs.
Demographics
Area Median Income

$115,772

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Risk Assessment

Risk Analysis

Lakefront properties in Michigan face erosion risks, especially with fluctuating water levels in recent years. Flood insurance may be required, adding to ownership costs. The deer population in Clarkston can cause landscaping damage and increase the risk of Lyme disease. Well water, if present, may require treatment systems for hard water or contaminants. Septic system failure, if applicable, could cost $20,000-$30,000 to replace. The high-end market in Clarkston is relatively small, which could impact resale potential. Future development around the lake could affect privacy and property values. Climate change models predict increased precipitation in Michigan, potentially exacerbating flooding and erosion issues for lakefront properties.

Financials

Monthly Costs

Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Stats in the Area

Average Price

$13,500

-98.4% below list price

Median Price

$13,500

Based on 1 recent sales

Price per Sq.Ft

$0

Comparable Properties

0000 SHREWSBURY Drive, Orion Twp, MI 48348
Price: $13,500
Sq.Ft:
Beds/Baths: /
$/Sq.Ft: N/A
Sale Date: 7/30/2024

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